China has restricted the export of seven rare earths and related material used across the defense, energy and automotive industries as part of its retaliation against U.S. President Donald Trump’s tariff hikes on Chinese goods, reported Reuters. Seven categories of medium and heavy rare earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium-related items, were placed on an export…
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Metso has agreed to acquire the screening business, operations and key assets of Selm (Beijing) Technology Co., Ltd. for an undisclosed amount. The deal strengthens the OEM’s services to better support mining and aggregates customers in China. “The acquisition is a significant step in advancing our regional strategy in screening of being closer to our customers, fostering a market-focused approach,”…
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Canadian-headquartered Silvercorp Metals has confirmed the completion of its tailings storage facility No. 3 and its new 1,500-tonne-per-day flotation production line at the Ying complex in the Henan Province, China. The project, it said, wrapped in early December 2024 on time and under budget. Both facilities are now fully operating as designed following a one-month commissioning period. The addition of…
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Australia’s Fortescue has signed a memorandum of understanding with Baowu Resources, a wholly-owned subsidiary of China Baowu Steel Group, to address challenges in decarbonising the global steel industry, reported Reuters. “We are committed to building a green iron supply chain,” said Fortescue COO Shelley Robertson. “The partnership with China Baowu will help further accelerate the development of green iron technology…
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Fortescue intends to purchase over 100 pieces of zero emissions heavy mobile equipment under a deal with Chinese manufacturer XCMG with a potential value of more than US$400 million. This marks XCMG’s largest contract outside of China for mining equipment and will see battery electric wheel loaders, wheel dozers, water carts, float prime movers and graders delivered to Fortescue’s Pilbara…
Read MoreThe Anjialing coal mine in the Shanxi province, operated by ChinaCoal Pingshuo Group, has reportedly turned the key on a 200-tonne pure electric dump truck. According to a Xinhua report, the developer and producer of the truck is Hunan Xiangdian Green Energy Intelligent Control, which manufactures electric trucks and electric locomotives for the Chinese mining industry. The vehicle can transport…
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New official data from China is reportedly revealing that iron ore imports in the country have been up this year through October, and in that month alone jumped 4.48% year-over-year on rises in steel margins.
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Reuters has reported that the Kachin Independence Army (KIA) has taken control of a mining hub in Myanmar, likely disrupting shipments of rare earth oxides to China. The armed group has seized control of the towns of Panwa and Chipwe in Kachin state, adjacent to southwestern China’s Yunnan province. The news agency noted that rare earth mining areas in Kachin…
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EACON Mining has partnered with Xichang Mining, a Baowu company, to automate operations at the Taihe iron mine in China – the company’s first iron ore project. In the first phase of the mine’s automation, EACON will provide its OEM-agnostic autonomous haulage solution (AHS) ORCASTRA for a fleet of six SANY electric mining trucks, each equipped with drive-by-wire systems per…
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China’s biggest coal miner – China Energy Investment – said it will spend CNY170 billion (US$24 billion) to build an integrated plant in the northwestern region of Xinjiang that will turn coal into oil products. Construction of the plant commenced this month. The core process is based on domestically developed, independently patented second-generation direct coal liquefaction technology, which will be…
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